Japan Capital Spending Accelerates in Second Quarter
Japanese companies increased plant and equipment spending by 1.6 percent in the second quarter. The strong investment data reinforces the economic growth outlook and supports potential rate hikes by the Bank of Japan.
Xurve View
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Xurve View
Japan's corporate capital spending accelerated 1.6% in the second quarter, beating previous figures and strengthening the case for monetary tightening. The expansion in plant and equipment outpaced the 0.05% gain recorded in the prior three-month period. The data bolsters expectations for upcoming gross domestic product revisions and potential rate increases.
